Hi SharksThanks for sharing your thoughts and opinions I think...

Hi Sharks

Thanks for sharing your thoughts and opinions

I think there are 2 issues here.

1. The LTIP
2. Shares sold based on the LTIP


I’m extremely disappointed SSN have structured the LTIP in a manner which it has done.

It’s a slap in the face to shareholders where the board has given themselves a huge payout regardless of share price performance because of the magnitude of shares (options ) under consideration, especially without any KPI’s to meet.
If the board doesn’t make any amendments in its current format I will be voting “NO”, but I won’t let this judge my decision for selling any of my shares regardless of emotions.

My decision will be based on results from their projects and the opportunities they represent in the short to medium term. I think SSN have 2 projects which I believe have a lot of merit to this point and I will wait to see what the next couple of months bring to the table, but I will also have in the back of my mind the boards decision regarding the LTIP and how it might influence my sell price .

Cheers Matsim